DALLAS — Global development and investment firm Matthews has acquired a 2 million-square-foot distribution center located just south of downtown Dallas. The site at 1600 Roe St. spans 38.5 acres, and the facility formerly housed the distribution operations of Sears Roebuck and was later rebranded as Cedars Commerce Center. Most recently, LBA Logistics occupied the property. David Davidson Jr. and Jake Milner of Davidson Bogel Real Estate brokered the sale. The seller and sales price were not disclosed. Matthews did not disclose future plans for the property.
CEDAR HILL, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Midtown Cedar Hill, a 354-unit apartment community located on the southern outskirts of Dallas. Built on 13 acres in 2015, Midtown Cedar Hill is a three-story, garden-style building that offers one- and two-bedroom units with an average size of 894 square feet. Amenities include a pool, business center and picnic areas with barbecue grills. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Cameron Purse of IPA represented the seller and procured the buyer in the transaction. Both parties requested anonymity. Brian Eisendrath, Cameron Chalfant and Harry Krieger of IPA Capital Markets arranged acquisition financing for the deal.
HOUSTON — Georgia-based developer Southeastern has broken ground on a 330-unit multifamily redevelopment project in the Montrose neighborhood of Houston. Artis Montrose will convert the site of the former “Disco Kroger” into a seven-story apartment building that will feature one- and two-bedroom units that will range in size from 549 to 1,607 square feet. Amenities will include a pool, leasing office, pet spa, outdoor workspaces, grilling stations, a clubroom, cyber lounge and a Zen garden. DCS Design is the project architect, and Arch-Con Corp. is the general contractor. The first units are expected to be available for occupancy in late 2027.
WHITE HOUSE, TENN. — Walker & Dunlop has arranged a $42 million bridge loan for the refinancing of The Mill at White House, a 216-unit luxury apartment complex located in White House, a suburb of Nashville. Jeremy Pino, Livingston Hessam, Keith Melton, David Strange, Carl Passmore and Kyle Miller of Walker & Dunlop’s Capital Markets team arranged the financing through an unnamed institutional lender. The team previously refinanced the construction debt in 2022 on behalf of the borrower, RFM Development Co. Completed in 2024, The Mill at Whitehouse offers one-, two- and three-bedroom floorplans, ranging in size from 769 to 1,385 square feet, according to Apartments.com. Rental rates begin at $1,465. Amenities at the property include a swimming pool, fitness center, children’s playground, clubhouse, business center, pet play area and a grill.
TAMPA, FLA. — Cushman & Wakefield has negotiated the sale of Crossroads Logistics Park, a 58,849-square-foot industrial facility located at 5231 Crossroads Park Drive on Tampa’s east side. Delivered in 2025, the small-bay building is 67 percent leased, with roughly 26,946 square feet still available for lease. Crossroads Logistics Park features tilt-wall construction, 28-foor clear heights, spec office build-outs, 22 dock-high doors, two drive-in doors, ESFR sprinklers and five trailer parking stalls. Rick Brugge, Mike Davis, Rick Colon and Dominic Montazemi of Cushman & Wakefield represented the seller, Arrow Capital, in the transaction. The buyer was Clarion Partners. The sales price was not disclosed.
SHARPSBURG, GA. — Hanley Investment Group Real Estate Advisors has brokered the $26.9 million sale of Fischer Marketplace, a newly constructed, 70,134-square-foot shopping center in Sharpsburg, approximately 38 miles southwest of Atlanta. The property was fully leased at the time of sale to tenants including Publix, Jersey Mike’s, Dave’s Hot Chicken, Nothing Bundt Cakes and Great Clips. The sale also features three outparcels leased to Gusto!, Heartland Dental and Andy’s Frozen Custard. Publix occupies approximately 69 percent of the property on a long-term lease. Kevin Fryman and Ed Hanley of Hanley Investment Group, in association with ParaSell Inc., represented the 1031 exchange buyer, an unnamed private investor based in Southern California. Hunter Steffien, Tyler Strauss, Scott DeYoung and Jeff Conover of Faris Lee Investments, as well as Bryan Belk and John Tennant of Franklin Street’s Atlanta office, represented the sellers, ForCAST Real Estate Development LLC and Fayetteville, Ga.-based Brent Holdings, in the off-market transaction.
GRAND PRAIRIE, TEXAS — NAI Robert Lynn and Northmarq have brokered the sale of a portfolio of 16 small-bay industrial buildings totaling roughly 256,000 square feet in Grand Prairie, located roughly midway between Dallas and Fort Worth. The buildings are situated across three industrial parks at 2100 S. Great Southwest Parkway, 2601 Aero Drive and 605 E. Palace Parkway. Jeff Jackson of NAI Robert Lynn, alongside Northmarq’s David Annett and Joe Habighorst, represented the buyers, Florida-based Thematic Capital Group and Texas-based Dray Investments, in the deal. The seller and sales price were not disclosed.
HUNTERSVILLE, N.C. — Colliers has arranged a 223,358-square-foot lease at 77 Beltway Industrial Park, a two-building manufacturing and distribution facility located in Huntersville, about 12 miles north of Charlotte. The tenant, national office furniture wholesaler and distributor COE Distributing Inc., will occupy Building A, which comprises 506,513 square feet and includes 34-foot clear heights, 51 dock-high doors, four grade-level doors, 133 trailer parking spaces, 185-foot truck court depths and 3,753 square feet of office space. The second building, referred to as Building C, spans 315,896 square feet. Lawrence Shaw, Justin Smith, Rob Speir and Phoebe Dinga of Colliers represented the landlord, Cabot Properties, in the lease negotiations. Cabot Properties originally acquired the 821,260-square-foot logistics portfolio from the developer, Strategic Capital Partners LLC.
KINGSPORT, TENN. — Marcus & Millichap has arranged the sale of Shoppes at East Stone, a 23,876-square-foot retail center located at 2637 E. Stone Drive in Kingsport, a city near the Tennessee-Virginia border. Built in 2011, Shoppes at East Stone was 95 percent leased at the time of sale to tenants including Jersey Mike’s Subs, Stanton Optical, East Coast Wings + Grill, Lendmark Financial Services, Lumber Liquidators and Polish Nail Bar. Target shadow-anchors the center. Michael Early of Marcus & Millichap represented the seller, a Maryland-based family office, in the transaction. Jody McKibben was Marcus & Millichap’s broker of record in Tennessee. The sales price and buyer were not disclosed.
FORT WORTH, TEXAS — Partners Capital, the investment platform of Partners Real Estate, has completed a partial renovation of Westcliff Shopping Center, a 134,750-square-foot grocery-anchored center in Fort Worth. The project revitalized a 22,000-square-foot portion of the retail center’s facade, restoring its original character while introducing modern updates. Originally built in 1955 on 10 acres, Westcliff Shopping Center is home to tenants such as Albertsons, Ace Hardware, HOTWORX, Dollar General and Café Bella.